Sale of property

Querist : Anonymous (Querist) 02 February 2025 This query is : Resolved
We are four siblings who have recd fathers a plot with three shops built on it in a town in karnataka. . Want to sell the same . I donot want to be a party and claim my share from the sale . So I can simply sign during sale deed and restrain from taking the amount or do I need to execute a gift deed or relinquishment deed in favour of any one or all other three siblings . If I have to execute gift or relinquishment deed which will be less expensive and cumbersome .

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T. Kalaiselvan, Advocate Online

(Expert) 02 February 2025
If you don't want to claim any share in the property then you can execute a registered release deed relinquishing your rights in the property thereby your share of property will devolve equally on other shareholders.
You can enquire about the stamp duty payable in the local registration department.

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